News
Analysis: What is driving the increase in credit hire fraud
With Aviva reporting a 10.7% increase in motor injury claims fraud, Post investigates what is driving the increase in credit hire fraud.
Consideration of systemic cyber risk threatens to prevent insurers providing 'viable solutions'
Caution from insurers mindful of the systemic cyber risk is in danger of preventing the insurance market catering to the needs of businesses, William Wright, partner and director at specialist broker Paragon, has said.
Carbon insurer Kita explores 'brand new market for the insurance industry'
Appointing itself the 'world's first carbon insurer', nascent Lloyd’s Lab start-up Kita is aiming for managing general agent status within the year and hopes to start insuring carbon reduction and removal products by early 2023.
War and inflation to drive biggest commercial insurance shake-up since 9/11, says Mactavish's Carslaw
The commercial insurance market is heading for its biggest shake up in 20 years due to the knock-on effects of the war in Ukraine, inflation and other factors, Mactavish managing director Heidi Carslaw has said.
Howden acquires Tiger Risk; JMG buys GS Group; Allianz and Ifed secure convictions for fraudsters; and First Central in CMT tie-up
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Public-private partnership to tackle systemic risks 'in the government's interest', says Pool Re CEO Clementi
Pool Re CEO Tom Clementi has said that it is in the government’s interest to pursue a public-private partnership with the insurance industry to address systemic risks.
Experts urge major threshold changes to improve UK listed companies’ competitiveness in international auctions
Legal experts have urged the Financial Conduct Authority to take major steps to increase the threshold for requiring shareholder approval of significant transactions to stop UK listed insurers being at a disadvantage in competitive mergers and…
David Howden labels sector as 'lazy' and 'lethargic' as he warns relevance of insurance is slipping away
David Howden has challenged the insurance industry and the risk managers that buy insurance to reflect on how relevant they are to the world of business.
FOS appoints Abby Thomas as CEO and chief ombudsman, as service faces backlogs
The Financial Ombudsman Service has appointed Abby Thomas to the role of CEO and chief ombudsman.
MGAA appoints Tim Richards as technical services manager
The Managing General Agents’ Association has appointed Tim Richards to the newly created role of technical services manager as part of its wider growth and development strategy.
FCA staff walk out in a second wave of strike action, as Unite warns of ‘deep crisis’ at the regulator
Staff at the Financial Conduct Authority have gone on strike in a second of three planned two-day walkouts as trade union Unite believes the regulator is in “deep crisis”.
Brokers warned over red diesel rule change risks
Brokers should ensure they are up to date with a little known new rule change which could impact clients that use or distribute rebated fuels, also known as red diesel.
ACSO calls for official review of OIC as Sir Christopher Bellamy steps into MOJ role
A claimant support organisation has urged Sir Christopher Bellamy to review fixed recoverable costs for civil cases as he replaces Lord Wolfson of Tredegar as parliamentary under secretary of state.
Darag expands Roth's role to unify its M&A approach across Europe
Legacy book acquirer Darag has appointed Alexander Roth as global head of mergers and acquisitions, in addition to his existing role as CEO of Darag Europe.
Webinar: Watch Aviva, RSA and others discuss how to optimize hybrid workforces - and avoid the great resignation
Most insurance businesses have effectively been operating in a hybrid manner since Covid-19 restrictions required most employees to work from home.
Vast majority of public would not drive a fully automated vehicle
Most people would not be happy to drive a fully autonomous vehicle, a survey commissioned by Post has found.
Insurance Post launches VRM data accuracy tool for the motor insurance industry
Insurance Post subscribers can now benefit from our Vehicle Data Check tool to help validate VRM data.
Mike Brown swaps Direct line for Weightmans
Mike Brown, formerly head of counter fraud intelligence and disclosure at Direct Line Group, has left the insurer to lead Weightmans counter fraud team.
QBE appoints Christopher Bannocks as group chief data officer
QBE Group has appointed Christopher Bannocks as chief data officer.
Aviva joins Sign Live; Clear Group acquires Centor; Canopius reorganises underwriting team; LV steps up digital innovation with tie-up; and Questgates buys again
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Broker contributions to FSCS slashed as forecast levies are revised down
The Financial Services Compensation Scheme has issued final levies for 2022/23 of £5.3m for brokers and £211.7m for insurers, down significantly on initial estimates.
Cyber Cube inks deal with Kroll to access 'frontline intelligence' during cyber catastrophes
Cyber Cube has struck a deal with risk consultancy Kroll that will give it access to “frontline intelligence” during unfolding cyber catastrophes.
Analysis: What factors are driving the rise of consolidation in the legal sector?
Post investigates the reasons behind the consolidation surge in the legal sector after Clyde & Co and BLM become the latest law firms to merge.
Results-led approach to AI could “take the fear away” for sceptical parties
A results-led approach to using artificial intelligence in traditional human-led areas of insurance could help smooth implementation, an insurance expert has explained.